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Current Message Return to posts
From: LP12
... meanwhile ...

Andrew Bailey, Bank of England governor, said it will stop support this Friday.

Central bank has supported bond markets since last month's mini-budget.

Pensions funds had called for support to continue until at least October 31.

Bailey said this will not happen and that they need to sort out their finances as they is incompetent Arseholes who deserve to be fired.

After the statement the pound plunged from 1.1178 to 1.0969 against the dollar.


https://www.dailymail.co.uk/news/article-11304709/Pound-plunges-Bank-England-boss-says-pension-funds-Friday-balance-books.html



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